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Theory of Value: An Axiomatic Analysis of Economic Equilibrium
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Theory of Value: An Axiomatic Analysis of Economic Equilibrium
by Gerard Debreu
Publisher: Yale University Press 1971
ISBN/ASIN: 0300015593
Number of pages: 126
Description:
This short book gives a clear exposition of the basic elements of axiomatic general equilibrium analysis. The main text covers the Arrow-Debreu-McKenzie-model and its interpretation, proves its logical consistency (existence) and investigates its efficiency properties.